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Moody’s downgrades Sysco over potential for further M&A

Ratings agency warns debt from Sysco's move for Brakes Group will cause leverage to spike; adds it expects Sysco to make further acquisitions in Europe 'rather quickly'

By Undercurrent News | March 23, 2016 09:29 GMT
Sysco: US Foods exit of merger logical if preliminary injunction granted
Sysco created its seafood supplier of the year award in 2014
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Ratings agency Moody's Investor Services has downgraded Sysco Corporation over its move to purchase European foodservice firm Brakes Group for $3.1 billion. [...]

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